Everyone wants a piece of gold, even central banks around the world. Across continents, monetary authorities are quietly building their gold stockpiles at the fastest pace in decades.
This isn’t about nostalgia for the gold standard or a hedge against passing market fears. It’s about strategy.
In a world of geopolitical realignments, unpredictable bond yields and uneven economic growth, gold is once again being treated as the ultimate store of value.
A NEW PHASE IN GOLD’S ROLE
The shift is rooted in what economists call “structural volatility.” According to the Bank for International Settlements (BIS), global growth in advanced economies is now stuck below 2%, while inflation remains stubborn even after years of aggressive rate hikes.
In this environment, returns from traditional safe assets—such as sovereign bonds—have become unreliable.
When central banks lose confidence in fiat assets, they look for something more tangible.
Gold, unlike a bond or currency, carries no counterparty risk.
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